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COSCO SHIPPING Development successfully issued its 5-year bonds
发布时间: 2022-03-09

On March 3, 2022, COSCO SHIPPING Development successfully issued the first tranche of its 2022 corporate bonds (worth RMB1.5 billion) to professional investors on the Shanghai Stock Exchange. The bonds have a maturity of five years and carry a coupon rate of 3.50%. These bonds were 3.10 times oversubscribed due to our strong credit profile, suggesting professional investors are positive on our overall strength and growth outlook.


Successful issuance of these 5-year bonds will help improve our debt structure, balance our debt duration and lock in long-term debt financing costs. We will continue to improve our financial management and financing capabilities and expand our financing channels. We will also capitalize on market opportunities, and improve quality and efficiency to achieve sustainable development.

About Us
COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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